ITAT Bangalore Rules in Favor of Set-Off of Additional Business Income Against Losses in Ragavs Diagnostic Case Introduction The case of M/s. Ragavs Diagnostic & Research Centre Private Limited v....
Refinement of Transfer Pricing Adjustments: Devi Sea Foods Limited v. DCIT, Visakhapatnam Introduction The case of M/s. Devi Sea Foods Limited versus Deputy Commissioner of Income Tax (DCIT),...
Reinforcing Statutory Compliance for Settlement Proposals under IBC 2016: Insights from Nishaat Saleem v. Skylark Ithaca Buyers Welfare Association & Anr. Introduction The case of Nishaat Saleem v....
Suppression of Material Information in Insurance Claims: A Landmark Judgment Introduction The case of The Divisional Manager, LIC of India and The Branch Manager, LIC of India v. T. Naga Nanda...
Non-Deduction of TDS on External Development Charges: ITAT Delhi Sets Important Precedent Introduction The case of Sirur Developers Private Limited v. JCIT (TDS), Delhi adjudicated by the Income Tax...
Jurisdictional Validity of Notices under Section 143(2) Income Tax Act M/s. Shree Shoppers Ltd. v. DCIT, ITAT Kolkata (2022) Introduction The case of M/s. Shree Shoppers Ltd. versus Deputy...
Estimation of Turnover and Gross Profit in Income Tax Appellate Tribunal: Sagar Tobacco Industries Pvt. Ltd. vs. ACIT, Circle-1(1), Jabalpur Introduction The case of M/s. Sagar Tobacco & Industries...
Affirmation of PNB's Recovery Rights Under the RDB Act: Analysis of Punjab National Bank v. Smt. Tabassum 1. Introduction The case of Punjab National Bank v. Smt. Tabassum & Anr, adjudicated by the...
Family Settlement Exempted from Transfer under Section 56(2)(vii): Insights from ACIT Non Corporate Circle 15, Chennai v. Anitha Kumaran Introduction The case of ACIT Non Corporate Circle 15, Chennai...
ITA Bangalore Upholds Foreign Tax Credit Rights Despite Procedural Delays 1. Introduction The case of Vinodkumar Lakshmipathi vs. Assistant Director Of Income Tax before the Income Tax Appellate...
Entitlement of Debt Recovery Tribunals in Granting Recovery Certificates for KCC Defaults Introduction The case of Punjab National Bank vs. Shri Satish Kumar S/o Shri Chandra Singh, adjudicated by...
ITAT Raipur Enhances Applicability of Section 43B for Employee Contributions under EPF & ESIC Introduction The case of M/s Raj Pipes, Rajnandgaon v. Assistant Commissioner of Income Tax, Circle-1(1),...
Application of Nemo Dat Quod Non-Habet: Ramesh Gupta v. Cholamandalam Investment and Finance Co. Ltd. Introduction The case of Ramesh Gupta v. Cholamandalam Investment and Finance Company Ltd. was...
Strict Adherence to IBC Timelines Reinforced in Valency International Pte Ltd v. Vasudevan Introduction The case of Valency International Pte Ltd v. Vasudevan was adjudicated by the National Company...
Kamal Kumar Sethi v. Assistant Commissioner of Income Tax: Limitation of Limited Scrutiny in Tax Assessments Introduction The case of Kamal Kumar Sethi v. Assistant Commissioner of Income Tax, Circle...
NCLAT Reinforces Procedural Adherence in IBC Recovery: Limitations on Liquidators under Section 60(5)(b) 1. Introduction The case of Ramachandra D. Choudhary v. Bansal Trading Company And Others...
Ravikiran Co-operative Credit Society Ltd v. Income Tax Officer: Clarifying Eligibility Under Section 80P Introduction The case of M/s Ravikiran Co-operative Credit Society Limited, Belgundi, Belgavi...
ITAT Ahmedabad Upholds Cooperative Society's Dual Deduction Claims Under Section 80P Introduction The case of M/s. Laxmi Bachat Sharafi Sahkari Mandali Ltd., Ahmedabad vs. The Principal Commissioner...
Axis Bank v. Dharmendra Kumar & Ors: Establishing Accountability in Tripartite Loan Agreements Introduction The case of Axis Bank Limited v. Dharmendra Kumar & Ors adjudicated by the Debts Recovery...
ITAT Jaipur Establishes Precedent on Authenticity of LTCG Transactions and Rejection of Bogus Claims under Income Tax Act Sections 68 & 69C Introduction In the case of Manohar Lal Chugh, Jaipur v....